Family control and earnings quality

摘要: This work examines the relationship between family control and earnings quality in a context where salient agency problem shifts away from classical divergence managers shareholders to conflicts controlling owner minority shareholders. The results reveal that, compared non-family firms, firms higher terms of both lower discretionary accruals greater predictability future cash flows. They also show positive level voting rights held by quality. evidence is consistent with presence reputation/long-term involvement effect associated firm. Moreover, reflects as flow hands decreases, increases.